Thank you so muchJames This is why (and it has been mentioned here 1,000x) that when buying a STR, to make sure the numbers work based on other scenarios in case of this occurring.

Easy to “abuse” placing seller in potential precarious position and buyer in precarious position if default occurs and seller takes legal action3.

.- Reverse migration to Rust Belt is occurring based on affordability issues elsewhere.- Scatter site is a defensive asset offering a lot of optionality.- Market conditions are challenging for scatter site hold unless you are underwriting a 10-year hold.- Setting up operations for SFR from scratch is very difficult.- One investor is buying at cap rates in 5s or 6s.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Hardly a day goes by where I don't see at least two or three different opportunities for earning good money that never occurred to me before.

In it it states that poop must be picked up when it occurs.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

After 20 years of buying and selling real estate this morning it occurred to me that if somebody offers to sell their house for let’s say $250,000 “as is” and you agree to pay that exact price with no contingencies, but other people are interested in the property , then that seller can just raise his price and not sell the property for the price “advertised”.

She is firm that I have to let the bike be there again especially because it occurred for so long in the past.I calmly explained again that it is a fire hazard and a nuisance to park a bike in the laundry room.

@James Rodenberg I think everyone should self manage when they start out because 1) starting out you have much smaller margins and saving the PM fee will help you stay afloat as you grow. 2) you learn by doing and you will gain good experience from dealing with tenants and their problems, you'll also learn how the mechanicals of your properties work so you'll understand why problems are occurring.